Industry
Nvidia Plans to Guarantee $250 Billion to Help OpenAI Lease Computing Power
According to WSJ, Nvidia is considering providing up to $250 billion in guarantees for OpenAI to lease computing power from a $500 billion data center. The guarantee is not a direct investment but supports OpenAI's leases and project debt to facilitate SoftBank's financing. Additionally, Nvidia separately discussed providing up to $350 billion in chip procurement financing for OpenAI.
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